Q3 EPS Estimates for Signet Jewelers Lowered by Analyst

Signet Jewelers Limited (NYSE:SIG - Free Report) - Analysts at Telsey Advisory Group reduced their Q3 2026 earnings per share (EPS) estimates for Signet Jewelers in a research report issued to clients and investors on Thursday, March 20th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings of $0.21 per share for the quarter, down from their previous forecast of $0.35. Telsey Advisory Group has a "Market Perform" rating and a $55.00 price objective on the stock. The consensus estimate for Signet Jewelers' current full-year earnings is $8.73 per share. Telsey Advisory Group also issued estimates for Signet Jewelers' FY2027 earnings at $9.60 EPS.

Several other research firms have also issued reports on SIG. Wells Fargo & Company lowered their target price on shares of Signet Jewelers from $95.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Cfra Research raised shares of Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. UBS Group boosted their target price on shares of Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. StockNews.com lowered shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Finally, Bank of America cut their price objective on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $81.60.

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Signet Jewelers Stock Performance

Signet Jewelers stock traded down $0.08 during mid-day trading on Monday, hitting $60.45. The company had a trading volume of 1,523,047 shares, compared to its average volume of 1,068,266. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 6.96, a P/E/G ratio of 3.43 and a beta of 2.20. The company's fifty day moving average is $54.36 and its 200-day moving average is $77.94. Signet Jewelers has a 12-month low of $45.55 and a 12-month high of $112.06.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, topping analysts' consensus estimates of $6.39 by $0.23. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company's revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.73 earnings per share.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, April 25th. This is an increase from Signet Jewelers's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 2.12%. Signet Jewelers's payout ratio is -168.42%.

Insider Activity

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction of $180,415.29. Following the completion of the transaction, the director now directly owns 22,752 shares in the company, valued at approximately $1,231,565.76. This represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.26% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its position in Signet Jewelers by 149.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 703 shares of the company's stock valued at $57,000 after purchasing an additional 421 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of Signet Jewelers in the 3rd quarter valued at $77,000. Sterling Capital Management LLC lifted its stake in Signet Jewelers by 832.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,362 shares of the company's stock worth $110,000 after acquiring an additional 1,216 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Signet Jewelers by 32.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company's stock valued at $123,000 after acquiring an additional 410 shares in the last quarter. Finally, KBC Group NV increased its stake in Signet Jewelers by 34.6% during the fourth quarter. KBC Group NV now owns 1,740 shares of the company's stock worth $140,000 after purchasing an additional 447 shares during the period.

Signet Jewelers Company Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.